Whitecap Resources (TSE:WCP) Upgraded to “Moderate Buy” at Desjardins

Whitecap Resources (TSE:WCP) was upgraded by investment analysts at Desjardins to a “moderate buy” rating in a report released on Thursday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. National Bank Financial increased their price objective on shares of Whitecap Resources from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Scotiabank upgraded Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 19th. Scotia increased their price target on Whitecap Resources from C$17.00 to C$19.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 30th. ATB Cormark Capital Markets lifted their price target on Whitecap Resources from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their price objective on Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. Three analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to data from MarketBeat.com, Whitecap Resources currently has an average rating of “Buy” and an average target price of C$18.55.

Whitecap Resources Stock Performance

TSE WCP opened at C$15.99 on Thursday. Whitecap Resources has a 1 year low of C$9.79 and a 1 year high of C$17.34. The company has a debt-to-equity ratio of 33.01, a current ratio of 0.54 and a quick ratio of 0.67. The firm has a market cap of C$19.44 billion, a price-to-earnings ratio of 21.90, a PEG ratio of -0.33 and a beta of 0.18. The company has a fifty day moving average price of C$15.89 and a 200-day moving average price of C$14.39.

Whitecap Resources (TSE:WCP) last announced its earnings results on Wednesday, April 29th. The company reported C$0.02 EPS for the quarter. Whitecap Resources had a net margin of 13.32% and a return on equity of 7.70%. The company had revenue of C$1.84 billion during the quarter. As a group, equities research analysts predict that Whitecap Resources will post 1.1226131 EPS for the current fiscal year.

Insider Transactions at Whitecap Resources

In related news, insider Joseph Adam Wong purchased 7,500 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were bought at an average price of C$14.46 per share, with a total value of C$108,450.00. Following the acquisition, the insider owned 111,416 shares of the company’s stock, valued at C$1,611,075.36. This trade represents a 7.22% increase in their position. Also, insider Travis Bjarne Tweit acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of C$15.48 per share, for a total transaction of C$46,440.00. Following the purchase, the insider owned 230,204 shares of the company’s stock, valued at C$3,563,557.92. The trade was a 1.32% increase in their position. Insiders purchased a total of 31,500 shares of company stock worth $481,010 in the last quarter. Insiders own 0.84% of the company’s stock.

Whitecap Resources Company Profile

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.